Are you already signed up for our daily e-mail newsletter? Great, but did you know that we just launched an adviser-focused e-mail on Fridays? Now you do. Sign up here!
Quote of the Day
"Tell people what they want to hear and you can be wrong indefinitely without penalty."
(Morgan Housel)
Markets
- The Russell 2000 is now below its 200 day moving average. (sentimentrader.com)
- Tech stocks are more likely to end up in the top or bottom than in the middle, performance-wise. (klementoninvesting.substack.com)
Strategy
- There's no surefire way to identify in advance which companies are going to go onto outsized success. (novelinvestor.com)
- The ten most useless phrases in financial markets. (bloomberg.com)
- Why you should put your portfolio on autopilot. (portfoliocharts.com)
Netflix
- Netflix ($NFLX) needs more guilty pleasure shows like TLC's '90 Day Fiance.' (msn.com)
- Netflix ($NFLX) just celebrated its ten year anniversary in Canada. (bnnbloomberg.ca)
- Why does Netflix ($NFLX) keep canceling shows after a couple of seasons? (wired.com)
Finance
- A profile of Nathan Anderson of Hindenberg Research which helped spark the decline in Nikola ($NKLA) shares. (wsj.com)
- Peter Thiel is getting in on the SPAC game. (axios.com)
- The transformation of exchanges from clubby firms to conglomerates over the past twenty years is breathtaking. (economist.com)
Alternatives
- VCs and PEs are finally getting around to reducing legal expenses. (institutionalinvestor.com)
- Wealthy individuals are moving to Florida and hedge funds are following them. (bloomberg.com)
- Trend following hedge funds have not shined in 2020. (ft.com)
ETFs
- Why most thematic ETFs fail. (evidenceinvestor.com)
- iShares and Vanguard have launched new ESG ETFs. (etf.com)
Global
- Croatia crushed the curve. Then the tourists showed up. (wsj.com)
- How Italy is avoiding a second wave, so far. (bloomberg.com)
- Canada is staring down a second wave. (bnnbloomberg.ca)
- Madrid and New York City were both hit hard by the coronavirus, but Madrid is now knee deep in a second wave. (ft.com)
China
- China's online brokers are booming. (ft.com)
- What can we learn from China's egg futures market? (economist.com)
Economy
- Weekly initial unemployment claims have stalled out a high level. (calculatedriskblog.com)
- New home sales are soaring. (crossingwallstreet.com)
Earlier on Abnormal Returns
- Longform links: the important thing. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: the best time to start saving. (abnormalreturns.com)
- Every Friday I send out five links for advisers to help them think a little differently about the world. Sign up now! (newsletter.abnormalreturns.com)
